Repowering is delighted to be developing the first ever community-owned solar project in the City of London. Working with local people and the City of London Corporation, the plan is to install solar panels on rooftops in the Middlesex Street Estate in the Portsoken ward.
A feasibility study indicated that the site has capacity for a 50kW solar array, costing £48,000 to install. Funding for the project will primarily be raised by selling shares in the project to community members. These funds will be boosted by additional sources such as carbon offset schemes and donations from corporations as part of their corporate social responsibility strategies.
It is estimated that 80% of the electricity generated will be sold to the City of London Corporation to power the site’s communal areas. The remaining energy will be sold to a licensed energy supplier to be used off-site.
A £10,000 grant has already been secured from the City of London Corporation’s Stronger Communities Fund, which will be used to develop the project over the next 12 months and engage local people. Repowering is now taking the project forward by commissioning a structural survey, doing the legal groundwork and engaging the community.